Is Lockeland Springs, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lockeland Springs has remained a Seller's Market.
Key Takeaway
Lockeland Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lockeland Springs, TN
How much do homes in Lockeland Springs, TN cost?
Median Sold Price
$986,200
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lockeland Springs have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Lockeland Springs was $986,200 in March 2024, up 18.8% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $466K | $600.5K | +28.9% |
| 3 Bedrooms | $800K | $880K | +10.0% |
| 4 Bedrooms | $937.5K | $1.1M | +25.3% |
| 5+ Bedrooms | $1.5M | $1.4M | -6.1% |
Summary: Lockeland Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Lockeland Springs | $830K | $986.2K | +18.8% |
| East Nashville | $579.7K | $544.5K | -6.1% |
| Eastwood | $715K | $610.7K | -14.6% |
Housing Supply in Lockeland Springs, TN
How many homes are available in Lockeland Springs, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Lockeland Springs real estate market had 14 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lockeland Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lockeland Springs, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Lockeland Springs in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Lockeland Springs, TN
How long does it take to sell a home in Lockeland Springs, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 0 Days | -89.1% |
Summary: Homes in Lockeland Springs had an average of 0 days on market in Mar 2024, down by 89.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lockeland Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Lockeland Springs; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.